{"data":{"id":"us-tn/tenn.-code-ann.-47-8-115","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-8-115","heading":"Securities intermediary and others not liable to adverse claimant","body":"A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:\n(1) took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["TN Code","Title 47","Chapter 8"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"93ec3dbe865ec68c4608e6794e9ebfa7fd5209787ee20b25c70280875128b7de","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-8-114","next":"us-tn/tenn.-code-ann.-47-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}